26-Oct-2026 15:02:08
ATHER ENERGY Q2: GROSS MARGIN EXPANDS 160 BPS YOY; EBITDA MARGIN IMPROVES TO 4.9%, NEW KONARC SCOOTER LAUNCHED
• Total Income: At ₹1,527 Cr, supported by higher sales volumes, pricing actions and improved product mix • Gross Margin: Adjusted gross margin improved 160 bps YoY to 24%, despite elevated raw material costs • EBITDA Margin: Improved to 4.9% from -9.6% YoY and 0.8% QoQ, supported by operating leverage and cost discipline • Non-Vehicle Revenue: Contribution increased to 15% of revenue from operations versus 12% last year, driven by software, accessories, spares and services • Software Adoption: 94% of customers opted for AtherStack Pro, supporting higher software monetisation • New Scooter Launch: Introduced Konarc, its first electric scooter built on the new EL platform, targeting everyday family mobility • Battery Technology: New Bedrock battery offers a 10-year warranty; Konarc also introduces Ather's in-house Advanced Electronic Braking System • Product Innovation: Launched TrueHealth vehicle diagnostics and AtherNode smart charging solution for apartment complexes • Market Expansion: Konarc complements the existing 450 and Rizta series, helping Ather target a wider customer base • Growth Outlook: Management expects strong growth opportunities from expanding electric two-wheeler adoption, new products and increasing manufacturing capacity
ATHER ENERGY LIMITED